Grove Bank & Trust Buys 5,365 Shares of Tesla, Inc. $TSLA

Grove Bank & Trust boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 142.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,134 shares of the electric vehicle producer’s stock after buying an additional 5,365 shares during the quarter. Grove Bank & Trust’s holdings in Tesla were worth $4,108,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Narwhal Capital Management boosted its stake in shares of Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after buying an additional 2,350 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after acquiring an additional 7,446 shares during the last quarter. Norges Bank bought a new stake in Tesla during the second quarter worth $11,839,824,000. China Universal Asset Management Co. Ltd. boosted its position in Tesla by 8.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after purchasing an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in Tesla by 26.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock worth $8,019,000 after purchasing an additional 3,724 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: US government-confirmed supply deal: Reuters reports a $4.3 billion LFP prismatic battery cell supply agreement between Tesla and LG Energy Solution — a material, multi‑year supply commitment that supports cost and scale for Tesla’s lower-cost vehicle programs and energy products. Read More.
• Positive Sentiment: Solar manufacturing push: Multiple reports say Tesla is in talks to buy ~$2.9B of solar equipment from Chinese suppliers to build out U.S. solar panel/cell capacity — supports Elon Musk’s 100 GW U.S. solar goal and diversifies revenue beyond vehicles. Read More.
• Positive Sentiment: Chip/AI roadmap progressing: Elon Musk and Reuters/Barron’s coverage indicate Tesla is targeting a December 2026 tape‑out for next‑gen AI chips (AI6/AI5) and pursuing “Terafab” initiatives — a successful chip program would reduce supply risk and accelerate Tesla’s autonomy/robotics ambitions. Read More.
• Neutral Sentiment: Semi truck early traction: Media reports (WSJ) show positive early feedback from truckers on Tesla’s Semi — encouraging for commercial product credibility, but near‑term revenue impact is modest. Read More.
• Neutral Sentiment: Geographic/energy expansion: Job listings and reporting show Tesla preparing an India push into industrial energy storage — long‑term optionality for energy business, but execution and timing unclear. Read More.
• Negative Sentiment: Regulatory overhang — FSD probe escalates: U.S. regulators (NHTSA) upgraded the FSD investigation to engineering analysis covering millions of vehicles after crashes in reduced‑visibility conditions — this raises recall/enforcement risk and is a primary driver of today’s weakness. Read More.
• Negative Sentiment: Analyst/market pressure on deliveries and valuation: UBS and others have cut Q1 delivery forecasts and reiterated cautious ratings; HSBC headlines predicting deep downside amplify negative sentiment and volatility. Read More. • Read More.
• Negative Sentiment: Competition & robotaxi doubts: Rivian/Uber alliance and commentary that Waymo leads the AV race increase skepticism about Tesla’s robotaxi timeline and margins for autonomy/Optimus. Read More.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $415.00 target price on Tesla and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Bank of America began coverage on shares of Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. CICC Research raised their price objective on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Truist Financial lowered their price objective on shares of Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 target price on shares of Tesla in a research note on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $406.84.

Tesla Trading Down 3.2%

Shares of TSLA opened at $367.96 on Monday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The business has a 50-day moving average of $414.76 and a 200 day moving average of $427.84. The firm has a market cap of $1.38 trillion, a P/E ratio of 340.70, a price-to-earnings-growth ratio of 10.88 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the sale, the director owned 19,669 shares in the company, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 87,995 shares of company stock worth $38,315,650. 19.90% of the stock is owned by corporate insiders.

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.